The Evansville Vanderburgh School Corp. could see potential savings of between $7.5 million and $11 million in energy costs over the next 10 years with a four-year collaboration with Cripe Energy. The plan is projected to reduce energy demand and consumption to help EVSC become more sustainable in its energy usage.
School Board members heard a proposal Monday night by Cripe Energy regarding a collaboration that will create a plan for the roughly 50 buildings EVSC owns to reduce demand for energy and energy supply costs.
The plan is estimated to cost $376,000 with payment based on the percentage of the savings in each of the four years in the agreement.
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Pat Tuley, EVSC chief facilities officer, said in 2011 the school district spent more than $6.6 million on utilities.
A result of the collaboration is estimated to bring a 10-30 percent reduction in supply costs, and a 10-20 percent reduction in energy demand.
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The school board is expected to vote on the EVSC's 2013 budget on Sept. 24.
The EVSC's overall proposed budget, about $226 million, includes a $150 million general fund, nearly all of which is for salaries and benefits.
EVSC officials classify 79 percent of the general fund as being for "instruction," with the remaining 21 percent for "overhead and operational" purposes.
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The budget plan assumes no change in this year's overall assessed value of property in Vanderburgh County, about $6.7 billion. The 2012 tax rate was 66 cents per $100 assessed value.
Underwood anticipated the 2013 rate will be "going up a little bit" but by far less than the rate of more than $2 to be shown in the budget's legal advertisement. The advertised figure traditionally is overinflated, he said.
